BACOLOD City – The board of directors of Vallacar Transit Inc. (VTI) – the country’s largest bus company – held their annual stockholders’ meeting on Saturday at the VTI’s principal office here and elected their board of directors.
VTI announced the newly elected board comprised of Yanson matriarch Olivia; Leo Rey Yanson; Ginnette Dumancas; Charles Dumancas; Arvin John Villaruel; Anita Chua; and Daniel Nicolas Golez.
The new board subsequently reappointed Leo Rey as president of the company.
The elected directors shall serve for one year until December 2020, or until their successors shall have been duly elected and qualified.
The meeting was presided over by its chairman and president Leo Rey, with Olivia as corporate secretary.
The board also appointed Olivia as treasurer and corporate secretary. The stockholders also ratified the acts of the board of directors of Leo Rey.
VTI is the largest subsidiary of the Yanson Group of Bus Companies and is the company behind Ceres Liner and Sugbo Transit. It has 15 bases of operations in the cities of Bacolod, Iloilo, Dumaguete, Cebu, Cagayan De Oro, Butuan, Davao, Pagadian, Dipolog, Bohol and Batangas./PN